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9701 Collins Avenue, Bal Ha...

Ralph Serrano - Safe Harbour Equities Sells Bal Harbour Condo For $13M With Brokers Alejandro Diaz Bazan & Isaac Lustgarten
SOLD

Ralph Serrano - Safe Harbour Equities Sells Bal Harbour Condo For $13M With Brokers Alejandro Diaz Bazan & Isaac Lustgarten

9701 Collins Avenue, Bal Harbour, Florida 33154, United States

$13,000,000

$3,347/SF

Building Size

3,884 SF

Asset Type

Closing

Mar 16, 2022

AI

Located in the prestigious Bal Harbour market, this condominium at 9701 Collins Ave PH 2702/03 was recently sold in a closed transaction. The property spans over 6,256 square feet, offering ample space for its new owners. The sale price for this condo was $13,000,000, resulting in a price per square foot of $1,173.

Summary of transaction details

  • Property Type: Condo
  • Transaction Amount: $13,000,000
  • Address: 9701 Collins Ave PH 2702/03
  • Market: Bal Harbour

The seller, Safe Harbour Equities, was represented by Ralph Serrano. The buyer's agent was Alejandro Diaz Bazan from the Jills Zeder Group - Coldwell Banker, and Isaac Lustgarten from Douglas Elliman was also involved in the transaction. These experienced brokers played a pivotal role in facilitating the successful sale of this spectacular condominium in Bal Harbour.

Players

Isaac Lustgarten

The Corcoran Group

Broker

$262.6M

vol

24 deals

Broker
Douglas Elliman
Douglas EllimanBrokerage

Bal Harbour CRE Market Snapshot

Boundary boundary · CRE · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.22%

Cash-on-Cash

-0.35%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93